Main scenario
-Anticipate a drop to 37k, making a 535 zig-zag pattern.
-Previous wave from 49K-38.5K can be an impulse.
-Suppose
BTC is wave 4-ing, if the first wave within wave 4 is an impulse, it substantially raises the possibility of breaking the previous bottom. (aka. 5-3-5 zigzag).
Sub scenario
-IfBTC penetrates below 37K, it raises the possibility of dropping to a minimum of 26K.
-Anticipate a drop to 37k, making a 535 zig-zag pattern.
-Previous wave from 49K-38.5K can be an impulse.
-Suppose
BTC is wave 4-ing, if the first wave within wave 4 is an impulse, it substantially raises the possibility of breaking the previous bottom. (aka. 5-3-5 zigzag).Sub scenario
-If
BTC penetrates below 37K, it raises the possibility of dropping to a minimum of 26K.
More wave analysis & breakdowns on my X:
twitter.com/Hyunwoo_Roh
twitter.com/Hyunwoo_Roh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
More wave analysis & breakdowns on my X:
twitter.com/Hyunwoo_Roh
twitter.com/Hyunwoo_Roh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.